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Presented to Stambaugh Ness by Alexandra Chiaruttini of Stock and Leader
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Energy LandscapeEnergy Landscape
Deregulation & LegislationDeregulation & Legislation
Current PA Energy PictureCurrent PA Energy PictureIn Pennsylvania• Close to 60% energy generated by coal; 20%
by natural gas
Electric Bills Contain:• Generation portion (75% bill)• Distribution portion (25% bill)
Tariffs Out• PPL --- 18%-36%• PECO 2011• MetEd 2011
Current PA Energy PictureCurrent PA Energy Picture1. Conservation
2. Efficiency
3. Alternatives
Measurement & ConservationMeasurement & Conservation
Measurement & ConservationMeasurement & ConservationEstablish a baseline – Energy Modeling
Need a starting pointBenchmark with similar facilities and users
Need a measure….is this the normFocus on outliers
Identify greatest opportunities and maximize ROI
AlternativesAlternatives
Drivers Toward AlternativesDrivers Toward AlternativesEconomic incentives – cost and funding
opportunitiesEnergy independence – National and local levelsEnvironmental awarenessAll manifested in the form of
International agreements and protocols (Kyoto & Montreal)
New legislation Utility mandates Renewable and alternative energy credits (Recs & Aecs) Climate initiatives
Technologies/ApproachesTechnologies/ApproachesFocus on Outliers – Buildings use 71% of
electrical energy in U.S. – HVAC systems use more than 50% of total building energy
GeothermalSolarWindBiomassOther
Cogeneration Back pressure turbines
FundingFunding
Drivers of FundingDrivers of FundingPA Alternative Energy Portfolio Standards
ActPA Alternative Energy Investment Act
(2008 Act 1 Special Session)House Bill 2200/ Act 129Economic Stimulus IncentivesClimate Change LegislationAct 80
Funding ToolsFunding ToolsLow Interest LoansGrantsTax CreditsREC (renewable) and AEC (alternative)Bonds
What are Energy Credits?What are Energy Credits?REC – wind, solar, geothermal 1 MWhr ~
$230/creditAEC – biomass, landfill, methaneWho will need them?How are they Measured & Exchanged? – PA PlatformPA Platform Vs. Federal PlatformWhat value do they have for a project?
Today In the Future
Carbon Credit Market
www.dsireusa.org
What Expenses are Covered?What Expenses are Covered?StudiesAuditsSite PreparationRetrofit equipment Architectural Efficiency ProjectsEngineered Efficiency ProjectsAdministrationDemand-Side ManagementEquipmentConstruction.
What Expenses are GenerallyWhat Expenses are GenerallyNot Covered?Not Covered?Work/Analysis for Larger ProjectAnalysis to Prepare ApplicationVery small energy-Saving Projects.
Existing Sources of MoneyExisting Sources of MoneyDEP
PEDA Energy Harvest grants (non-profits and schools) Growing Greener Small business programs and pollution prevention
loans
DCED Machinery and equipment loan fund PEDFA First industries Research and development tax credits
Fuels for Schools Focused on biomass
WebsitesWebsites
Newpa.comPEDAwww.depweb.state.pa.us
Economic Stabilization ActEconomic Stabilization ActExtended solar tax credit program
30% credit extended 8 yrsEliminated $2,000 maximum tax credit capAdded tax credit incentives to package for many
alternative energy projectsNew bond programs for energy conservationExtended tax credit for home efficiency and wind
projectsUSDA
Energy Conservation & EfficiencyAlternative EnergyLoans and Grants.
Keys to Applying for FundingKeys to Applying for FundingDon’t rely on retroactive paymentsDo your homework and research
Select the right projectsTell a storyJobs in PADevelop good technical analysis/informationBe prepared to go within window of opportunityImportant to Vet:
ConsultantsNew TechnologyExpected Energy Savings – Guarantees?
Other OpportunitiesOther Opportunities
Solar developersAct 57Procurement by auction
Need to know what to compare: Auditing Procurement Developers PARTNERS
Take AwaysTake AwaysConservation, Efficiency, AlternativesSound Analysis & Planning is Key to Selecting the Best
ProjectsTechnology in this sector is developing quickly – select
carefullyDollars and Incentives are plentiful & Varied, Include them in
your PlanConsider Layering the financial incentives for any one projectPlan to Spend Capital Up FrontBe Aware that programs Shift – the Project Has to Make SenseDon’t Rush.Evaluate needs and opportunitiesCompare thoughtfully
Role of CounselRole of CounselIdentify FundingIdentify good partnersAssist in grant writingIdentify tax incentive programsIdentify quality consultants for:
Auditing Alternative energy design
Identify procurement specialistsEvaluate and counsel on:
Energy contracts Alternative energy development projects & agreements Tax incentives Business structures REC/AEC sales
Questions?Questions?